Finance Markets and Risk Essay Example | Topics and Well Written Essays - 2500 words

Finance Markets and Risk - Essay Example The intention of this study is systemic risk that is ushered by unforeseen incidents that amplify uncertainty unimaginably and damage the liquidity of the market at a rapid phase. Illiquidity results in â€Å"prices gaps† in respective markets and in the pricing of a particular asset. The related pressure later extends to the liquidity of funding of financial institutions around the world that are assisting those independent markets. Illiquidity in markets sequentially can result in potentially momentous real economic impacts, thus warrant policy action, particularly by central banks. As per IMF (International Monetary Fund), BIS (Bank for International Settlements) and FSB (Financial Standard Board), systemic financial risk is one, which is associated with the peril of risk of disruption to financial services that (a) is happened by a destruction of whole or parts of the financial system and has the probable to have the worst negative outcome for real economy. During Septembe r 2008, AIG borrowed from the Federal Reserve System an $85 billion two-year loan that too at a penalty rate, which has been termed as ever known the rescue of one of the globe’s major insurers. In return for the rescue operation, Fed received a 79.9% of shares in the AIG. At the time, the investment banking arm of AIG witnessed a systemic risk emanating from its credit default swap (CDS) business. The failure of one firm may not impact its rivals as is happening in the most sectors of the economy nor does it result in market failures. However, in the financial sector, there is an impending peril that the breakdown of any major financial market or institution may result in the adverse impacts on the whole financial system more likely. In several associated channels, such systemic risk can be in operation, if there is a mishap in a specific financial institution. All the depositors of a bank will be in panic and will rush to get back their deposits when the depositors lose the ir trust, if a typical bank run occurs. The banking system of a nation as a whole may be in jeopardy if rumour spreads about the fate of the remaining banks of a nation. The bank runs vulnerability can be a reality typically as there will be a maturity mismatch between their assets and liabilities. The banking system might have invested in long-term debts like loans to households and businesses, whereas they might have accepted deposits from their customer on the demand basis. Even a healthy bank may have chance to witness a bank run despite the fact that its assets would have more value than its liabilities, but a credit crunch may occur if there is premature withdrawal of deposits suddenly by bank customers. Thus, even a solvent bank can witness a liquidity crunch, despite the fact that the liquidity issues may mirror concerns about bank’s solvency. However, there are some risk-aversion strategies, which are in place like lender-of-last-resort facilities and deposit insuran ce, which make the possibility of bank run as a mirage. Short-term deposits are available from one bank to another bank through interbank transactions, and this occupies sizeable quantum of their business transactions. However, at times of liquidity crunch, associations between banks may witness jolts to proliferate through the system. For instance, Barclays bank has provided short-term credit to ANZ bank, then, concerns of default by ANZ bank might jeopardise to the stability of Barclays bank. Such similitude vulnerabilities are regarded to be one of the main causes why the alarm can spread between banks in such scenarios. In such situations, inter-banking lending will come to a halt due to

Mass Media and Economic Development Essay Example for Free

Mass Media and Economic Development Essay Mass media has always been one of the pillars of modern society. With its wide range and base, it is indubitably, the most effective and efficient way of mass information dissemination. Yet, instead of mass media being a primary tool for education, it is mostly being used as a medium for entertainment; to show bland, superficial products with little, or no educational value. So, attempting to connect mass media with economic development would seem as disjoint as climate change and my inability to make good analogies. Surprisingly, this is what the last speaker, from The Public Sphere talked about. The forum cites economic literacy as the main contribution that mass media can make to economic development. Defining economic literacy as the ability to identify, analyze and evaluate the consequences of individual decisions and public policy, the speaker, Mr. Omar Dumdum of NEDA, goes in to explain the ineffectiveness of economic education in secondary school; therefore, mass media should take the primary responsibility of promulgating economic literacy, to promote economic development. This can be done, according to Mr. Dumdum, through better economic news writing and reporting, making economic news understandable for the general population, and information dissemination campaigns. There will be some difficulties encountered, of course, as Economics is wrought with technical terms that cannot be easily simplified, but, if information campaigns are done in tandem with better reporting, results can be achieved. Personally, I do think it is possible and feasible. Being someone who believes in the power of mass media to reform society, I think mass media could enhance the net economic literacy of the Philippines, which would, hopefully, increase Filipino participation in crucial economic activities, resulting in inclusive economic development. But of course, mass media has internal flaws that prevent this from happening. For one, it bears the inability to make economic news/information exciting, or even understandable. If not for my privileged secondary and tertiary education, I would not know anything about our countrys economic status, as I regularly skip the Business section of the papers, because it is simply boring. Economic reporting tends to be too technical, or elitist, so much so, that for the average Filipino citizen believes that the economic opinion of his/her neighborhood barber is more valid and believable compared to the TV guy in a suit. I am not dismissing the opinion of Manong Barber as incorrect or irrelevant (he might be an economist, who knows), but this points out the preference of Filipinos to opinion-based economic information, over rigorous, empirical economic reporting. And, so I have mentioned, we Filipinos are not entirely at fault. We cannot be blamed for giving more importance to comprehensible information than jargonic gibberish. Also considering the fact that public opinion greatly influences economic policies in our country (i.e. sin tax bill), this, all the more makes the medias role in promoting economic development crucial. I do agree with Mr. Dumdums proposed approach of information campaigns being conducted simultaneously with better news reporting, because better enws reporting alone would not fulfill the expected impact of mass media in the economic literacy of our society. In conclusion, I think that the mass media, is indeed, an important element in aiding the development of a Philippines as a globally competitive economy. It is not enough, however to merely educate people about the Economics and the economic condition of our country at present. Public policies, political will, exhaustive analyses and correct decisions are also parts of the solution to the enigma that is Philippine development. And, in these, mass media can only contribute so much; mass media cannot improve the Philippine economy alone.

La Indolencia de Los Filipinos Essay Example for Free

La Indolencia de Los Filipinos Essay La indolencia de los filipinos (y de los estudiantes tambien) 1. What was the effect of conviction of inferiority? -The child or youth who tries to be anything else is blamed with vanity and presumption; the curate ridicules him with cruel sarcasm, his relatives look upon him with fear, strangers regard him with great compassion. No forward movement Get back in the ranks and keep in line! With his spirit thus molded the native falls into the most pernicious of all routines: routine not planned but imposed and forced. Note that the native himself is not naturally inclined to routine but his mind is disposed to accept all truth, just as his house is open to all strangers. The good and the beautiful attract him, seduce and captivate him although like the the Japanese he often exchanges the good for the evil, if it appears to him garnished and gilded. What he lacks is in the first place liberty to allow expansion to his adventuresome spirit, and good examples, beautiful prospects for the future. It is necessary that his spirit, although it may be dismayed and cowed by the elements and the fearful manifestation of their mighty forces, store up energy, seek high purposes, in order to struggle against obstacles in the midst of unfavorable natural conditions. In order that he may progress it is necessary that a revolutionary spirit, so to speak, should boil in his veins, since progress necessarily requires the present; the victory of new ideas over the ancient and accepted one. It will not be sufficient to speak to his fancy, to talk nicely to him, nor that the light illuminate him like the ignis fatuus that leads travelers astray at night: all the flattering promises of the fairest hopes will not suffice, so long as his spirit is not free, his intelligence is not respected. 2. What is the meaning of the statement, tila ka kastila? The pernicious example of the dominators in surrounding themselves with servants and despising manual or corporal labor as a thing unbecoming the nobility and chivalrous pride of the heroes of so many centuries; those lordly airs, which the natives have translated into tila ka castila, and the desire of the dominated to be the equal of the dominators, if not essentially, at least in their manners; all this had naturally to produce aversion to activity and fear or hatred of work. 3. What does Rizal mean by saying that indolence in the Philippines is a chronic but not an inherited disease? When in consequence of a long chronic illn ess the condition of the patient is examined, the question may arise whether the weakening of the fibers and the debility of the organs are the cause of the maladys continuing or the effect of the bad treatment that prolongs its action. The attending physician attributes the entire failure of his skill to the poor constitution of the patient, to the climate, to the surroundings, and so on. On the other hand, the patient attributes the aggravation of the evil to the system of treatment followed. Only the common crowd, the inquisitive populace, shakes its head and cannot reach a decision. Something like this happens in the case of the Philippines. Instead of a physician, read government, that is friars, employees, etc. Instead of patient, Philippines; instead of malady, indolence. 4. What proofs did Rizal give to show that pre-Spanish Malayans were not indolent? -Before the arrival of the Europeans, the Malayan Filipinos carried on an active trade, no only among themselves but also with all the neighboring countries. All the histories of those first years, in short, abound in long accounts about the industry and agriculture of the natives; mines, gold-washings, looms, farms, barter, naval construction, raising of poultry and stock, weaving of silk and cotton, distilleries, manufactures of arms, pearl fisheries, the civet industry, the horn and hide industry, etc. , are things encountered at every step, and considering the time and the conditions in the islands, prove that there was life, there was activity, there was movement. 5. How did it happen that the industrious pagan culture was transformed into that of an indolent Christian culture? -We have already spoken of the more or less latent predisposition which exists in the Philippines toward indolence, and which must exist everywhere, in the whole world, in all men, because we all hate work more or less, as it may be more or less hard, more ore less unproductive. The dolce far niente of the Italian, the rascarse la barriga of the Spaniard, the supreme aspiration of the bourgeois to live on his income in peace and tranquility, attest this. It seems that there are causes more than sufficient to breed indolence in the midst of a beehive. Thus is explained why, after thirty-two years of the system, the circumspect and prudent Morga said that the natives have forgotten much about farming, raising poultry, stock and cotton and weaving cloth, as they used to do in their paganism and for a long time after the country had been conquered! 6. Why does the city of Hong Kong have more commercial and trade activities than the whole of the Philippines? It has more commercial movement than all the islands together, because it is free and is well governed. The great difficulty that every enterprise encountered with the administration contributed not a little to kill off all commercial and industrial movement. All the Filipinos, as well as all those who have tried to engage in business in the Philippines, know how many documents, what comings, how many stamped papers, how much patience is needed to secure from the government a permit for an enterprise. One must count upon the good will of this one, on the influence of that one, on a good bribe to another in order that the application be not pigeon-holed, a present to the one further on so that it may pass it on to his chief; one must pray to God to give him good humor and time to see and examine it; to another, talent to recognize its expediency; to one further on sufficient stupidity not to scent behind the enterprise an insurrectionary purpose land that they may not all spend the time taking baths, hunting or playing cards with the reverend friars in their convents or country houses. And above all, great patience, great knowledge of how to get along, plenty of money, a great deal of politics, many salutations, great influence, plenty of presents and complete resignation! 7. Was there gambling in the country before the coming of the Spaniards? -Yes, we do not mean to say that before the coming of the Spaniards the natives did not gamble: the passion for gambling is innate in adventuresome and excitable races, and such is the Malay, Pigafetta tells us of cockfights and of bets in the Island of Paragua. Cock-fighting must also have existed in Luzon and in all the islands, for in the terminology of the game are two Tagalog words: sabong and tari (cockpit and gaff). But there is not the least doubt that the fostering of this game is due to the government, as well as the perfecting of it. 8. What are the effects of too many religious festivals on the country? Remember, that lack of capital and absence of means paralyze all movement, and you will see how the native was perforce to be indolent for if any money might remain to him from the trials, imposts and exactions, he would have to give it to the curate for bulls, scapularies, candles, novenaries, etc. And if this does not suffice to form an indolent character, if the climate and nature are not enough in themselves to daze him and deprive him of all energy, recall then that the doctrine of his religion teach him to irrigate his fields in the dry season, not by means of canals but with amasses and prayers; to preserve his stock during an epidemic with holy water, exorcisms and benedictions that cost five dollars an animal, to drive away the locusts by a procession with the image of St. Augustine, etc. It is well, undoubtedly, to trust greatly in God; but it is better to do what one can not trouble the Creator every moment, even when these appeals redound to the benefit of His ministers. We have noticed that the countries which believe most in miracles are the laziest, just as spoiled children are the most ill-mannered. Whether they believe in miracles to palliate their laziness or they are lazy because they believe in miracles, we cannot say; but he fact is the Filipinos were much less lazy before the word miracle was introduced into their language. 9. What other evidence may be pointed out to show the lack of national sentiment? -The very limited training in the home, the tyrannical and sterile education of the rare centers of learning that blind subordination of the youth to one of greater age, influence the mind so that a man may not aspire to excel those who preceded him but must merely be content to go along with a march behind them. Stagnation forcibly results from this, and as he who devotes himself merely to copying divests himself of other qualities suited to his own nature, he naturally becomes sterile; hence decadence. Indolence is a corollary derived from the lack of stimulus and of vitality. That modesty infused into the convictions of everyone, or, to speak more clearly, that insinuated inferiority, a sort of daily and constant depreciation of the mind so that it may not be raised to the regions of life, deadens the energies, paralyzes all tendencies toward advancement, and of the least struggle a man gives up without fighting. If by one of those rare incidents, some wild spirit, that is some active one, excels, instead of his example stimulating, it only causes others to persist in their inaction. Theres one who will work for us; lets sleep on! say his relatives and friends. True it is that the spirit of rivalry is sometimes awakened, only that then it awakens with bad humor in the guise of envy, and instead of being a lever for helping, it is an obstacle that produces discouragement. 10. How do we know there was no national sentiment? -Absence of all opposition to measures prejudicial to the people and the absence of any initiative in whatever may redound to its good. A man in the Philippines is only an individual, he is not a member of a nation. He is forbidden and denied the right of association, and is, therefore, weak and sluggish. The Philippines is an organism whose cells seem to have no arterial system to irrigate it or nervous system to communicate its impressions; these cells must, nevertheless, yield their product, get it where they can; if they perish, let them perish. In the view of some this is expedient so that a colony may be a colony; perhaps they are right, but not the effect that a colony may flourish.

The Definition Of Gonzo Journalism

The Definition Of Gonzo Journalism Gonzo journalism continues to be one of the most popular styles of writing that has ever been crafted in journalism. The interest that surrounds the published works of gonzo seems to be that it will always contort the general structure of normal journalism. In a large majority of news stories today, there is the pyramid of information where by the news worthy information will be at the top with less interesting details going further down. In gonzo the balance went missing and an article was defined by what the author experienced more than what the actual story was trying to report. The gonzo journalism style has always been widely accepted as being associated with the unusual and quirky writing of Dr Hunter S Thompson. (Wenner Seymour, 2007) Thompson became one of the most popular journalists ever thanks to writing in a simplistic style that consisted of telling a news story through the eyes of the author. Despite having many differences, gonzo has long been shoved in the same pigeon-hole as the new journalism revolution. (Weingarten, 2005) Although the form of journalism has slipped out of the public eye since the death of Thompson, Gonzo still plays a vital part in making news interesting. This is proven by how popular the works of Hunter S Thompson are today in comparison to when they were written and this shows the skill involved in creating this intricate art. All areas of the media have, at some point, incorporated gonzo into their style because it keeps well reported subjects fresh and allows new angles to be examined. While the style has remained popular, Thompson has concreted himself as the inventor and perfectionist of the gonzo craft a writer to be imitated but never bettered. Gonzo journalism is one of the most entertaining forms of writing and its continuation and development is extremely important for the future of journalism. 1.2 Aims and Objectives The primary aim for this dissertation is to examine the origins and definition of gonzo journalism and to understand the implications of this style of writing on journalism and finally composing recommendations and conclusions. The authors own aim is to use multiple research techniques to achieve an improved understanding of gonzo journalism and the implications for the use of this style. The following objectives have been structured in order for the author to be able to achieve the aims set out above: Thoroughly research all material which is related to gonzo journalism and/or Hunter S Thompson Investigate the origins and definition of gonzo journalism Review multiple forms of literature relating to and including the works of Hunter S Thompson Understand the implications that gonzo created within the practice of journalism Examine relevant sources on gonzo to find whether the style has been productive to journalism Explore what will be beneficial for gonzo journalism to continue being implicated in the future practice of journalism 1.3 Methodology 1.3.1 Selected method of research This dissertation is derived from research that has come from primary or secondary sources, or in some instances both of these sources. Primary research has many advantages over secondary sources as the researcher can modify the research question to focus on a tiny subject matter. Surveys and questionnaires are a great way of achieving relevant answers to a question that has not been asked before by a secondary source. The results from the surveys and questionnaires provide the author with up-to-date findings and results that help to meet the aims of the dissertation. Secondary sources are readily available and take less time and energy to produce results that will help to meet the objectives. The majority of books and journals can be accessed through online academic databases such as Athens and this makes the reliability of the sources much higher. The search functions can track down relevant sources quickly and accurately to make sure that the sources used match all the objectives. To complete the objectives set out above, primary research and secondary research were both adopted. The primary research would take the form of interviews and surveys as these were the most simplistic ways to achieve the dissertation aims. Secondary sources were gained through endless searches of the Edinburgh Napier University libraries and the online databases available to the University through Athens. Background readings and definitions on gonzo were also obtained from online resources such as newspapers, magazines and blogs. The reason for including secondary sources was to add extra reliability to the results as primary sources can often have limitations. 1.3.2 Limitations of research method Limitations for this dissertation have surrounded the decision to include primary sources as often these have more disadvantages than advantages. Secondary sources were essential but, while the death of Hunter S Thompson is highly documented, there are very few sources that discuss gonzo journalism and the history behind it. This limitation meant that more primary sources such as interviews would need to be used to gain reliable research on the true definition of gonzo. Surveys and questionnaires can be invaluable sources but are time consuming and provide many issues regarding the validity. There is a question over the knowledge of the respondents answers and even a small chance that the respondent is unaware of the subject and are guess answering. The limitations of secondary sources are mainly concerned with the unavailability of enough relevant sources and those sources that are found being non-academic and some even inaccurate. Many online sources have to be double checked for validity as blogs, newspapers and magazines can sometimes be written by inexperienced writers who are not knowledgeable about the subject. 1.4 Structure The dissertation shall begin with a literature review of gonzo (This dissertation will start out with a literature review on Enterprise Resource Planning in Chapter 2. Chapter 3 is then dedicated to a literature review on Organisational Culture. The two topics will be combined in Chapter 4, first in a literature review and then in an analysis of the discussed literature. The conclusions and recommendations out of this analysis follow in Chapter 5.) 2. Literature Review 2.1 Literature review: Gonzo: a definition One reason Thompson hasnt shown up in journals much is his association with New Journalism. In a 1989 survey of critical literature about New Journalism, James Stull1 found only sixteen scholarly works that address the genre. Since then, little has been added. New Journalisms general omission from critical consideration in literary journals may exist simply because the genre is only forty years old, a baby in the eyes of academia. It is also regarded as something of a bastard child, somewhere between fiction and journalism. New Journalists are notorious for blending fact and fiction, writing through overt subjectivity, and even instigating events they report on. These factors make it difficult to point out exactly where journalism ends 1 Stull, James N. New Journalism: Surveying the Critical Literature. North Dakota Quarterly 57 (1989), 164-74. 2 and fiction begins. While gonzo might the best genre to file Thompson under, and the most commonly employed to do so, it seems a shame to do so. Gonzo, while an almost onomatopoetic hint at what to expect, is something of an Other category. Well, hes not quite this one, not quite that oneà ¢Ã¢â€š ¬Ã‚ ¦oh, lets just toss him over there. The term also carries an implied inferiority. Gonzo sounds unprepared, strung together, and madcap. Thompson himself has expressed an uneasiness with the term. I never really was entirely comfortable with the word gonzo,' he says in an interview50. It was not mine originally. Thompsons term was outlaw journalism. This is much more appealing than gonzo. Gonzo might as well be replaced with wacky. The realists (the safer group, headed by Wolfe) are concerned with intense observation and the accurate reportage of what was observed. They assume there exists a conventional, shared context between the writer and reader. On the other hand, the modernists, such as Norman Mailer and Thompson, believe there can be no single frame of reference and focus on breaking down that notion, which they see as a false assumption (192). 2.2 Literature review: the works of Hunter S. Thompson 2.3 Literature review Gonzo: the implications for practice Four years after his death, Dr Hunter S. Thompson remains one of journalisms greatest cult figures. His work created a whole new genre of journalism entitled Gonzo and his legacy still remains just as strong today as it did when he started his unique style in the 1970s. The term gonzo has more often than not been related back to Hunter S Thompson and his unique style of reporting news. The term has become increasingly popular since the creation of gonzo journalism and was even accepted into the dictionary in 2003. The Oxford Dictionary states that gonzo is 1 of or associated with journalism of an exaggerated, subjective, and fictionalized style. 2 bizarre or crazy. The first reported case of Thompson using this style was during the time he wrote the article The Kentucky Derby which was published in June 1970. The article was originally meant to be a straight sports story that told the outcome of a race but Thompson was disgusted by the decadent and depraved way in which the crowd behaved. According to his book The Great Shark Hunt, Thompson explained that he had scribbled down notes of everything he had witnessed that day and then faxed them through in a random order to his editor. The outcome was an incoherent, first-person rambling about society a s a whole rather than anything to do with the Kentucky Derby. Another journalist at the newspaper read over the article and told Thompson that his style was totally gonzo.  [1]  Although Hunter later confessed he had no idea what the saying meant, he kept it as his own. In interviews with numerous magazines since then, he has given a literary meaning of the word by saying that it followed William Faulkners dictum that the best fiction is more true than any kind of journalism.  [2]   In an interview with Rolling Stone magazine, Thompson described stumbling upon gonzo journalism as like falling down an elevator shaft and landing in a pool of mermaids.  [3]   While gonzo journalism is a popular subject in society, it is not often talked about in academic literature other than to be referenced when discussing larger movements, such as The New Journalism. (Hoover, 2009) Thompson continually broke the rules throughout his career and for a long time was rejected by many publications because of his erratic style and behaviour. In the 2007 book by Jann Wenner and Corey Seymour entitled Gonzo: The Life and Times of Hunter S. Thompson, the people closest to Thompson give interviews surrounding his controversial life. It is a biography with a difference as it gives a detailed analysis of Hunters entire life by the people who knew him best the ones he grew up with and worked alongside. A different side to Thompson is found in this book because not all the people who are interviewed particularly like him. Ex-editors and his ex-wife tell tales of his erratic drink and drug fuelled trips that ended in him not contacting anyone for days. Editors talk brutally about Hunter being unpredictable and never on time which made him virtually unemployable. The reader gets a sense of why Thompson always freelanced and even when he was doing okay; why he would get up and find work elsewhere. It sums up why Hunter remains as idolised as he still is today, the man lived his life exactly how he wanted to and did things his own way. In his own right he managed to become as famous as any rock icon of his era and all the while by using a pen and typewriter. Outlaw Journalist: The life of Hunter S. Thompson by William McKeen is another book that underlies the reason that people are still entranced by Thompsons life and personal style. This book looks closely at the relationship between Hunter as a writer and his rise to becoming a cult icon. The brutal truth that Hunter would write about offended most but at the same time encapsulated a large majority of readers. McKeen analyses Thompsons bad boy image and reputation and ties in the facts that people felt like they could trust Thompson because he spoke his mind and unveiled the darker side of a world people know exists. However, the author is quick to point out the irony of a man out of his mind on drugs talking about how much of a liar Nixon is and how the American dream was all a farce. The book delves into Thompsons dark and violent past with interviews from his ex-wife explaining that his temper was the reason why they were divorced. Like all the people Hunter met in life, there are always good stories and bad stories about him and Mckeen balances the two to create a book that shows both sides of Thompson. The work-aholic journalist who would give his all and even risk his own wellbeing to get a better story and the violent, drugged-up man who was shouting his head off while holding a shotgun. McKeens conclusions are that Hunter gave the writing world a stand-alone figure who would dare to break all the rules and take risks just for the entertainment of others. Most of the conclusion on this analysis looks back at Thompsons book Hells Angels and how he had risked his life and almost paid for it by trying to get an inside story. Marc Weingartens book, The Gang that Wouldnt Write Straight, focuses on gonzo journalism as a whole genre rather than just describing the works of Hunter Thompson. Around the time that Thompson had chiselled his unique style and found an appropriate title for it, there were already authors who had shown similar signs of creativity. Tom Wolfe and older writers such as Truman Capote had already published stories that were in many ways similar to Thompsons gonzo journalism but lacked the harsh truth that only Hunter could properly tell. The book is an interesting read because much of the books focus merely on Thompson and his career before and after the creation of gonzo journalism. This book looks at seven authors that helped shape the new journalism revolution and then each of them brings their own memories and opinions of that time into each chapter. When asked why he felt that he had become more famous out of gonzo, Hunter wrote, Wolfes problem is that he is too crusty to participate in his stories. The people he feels comfortable with are dull as stale dogshit, and the people who seem to fascinate him as a writer are so weird that they make him nervous. The only thing new and unusual about Wolfes journalism is that hes an abnormally good reporter. There are a lot of quirky parts to the book that make it different to other gonzo pieces and another reason is that the authors give their reasons behind the stories. For Hunter, this meant going into great detail about what had gone through his head for wanting to join the Hells Angels. The implications for practice today can certainly be understood from this chapter alone, as Hunter talks about his need to show the true side of human nature no matter what the outcome was to him. At the time, everyone knew the Hells Angels were no good but no-one quite knew the extent of what they were capable until Hunter had gone along and unveiled everything. In his own book Hells Angels, Thompson obviously tells the story how it was but it is fascinating getting inside the mans head to know why he wanted to report on something so dangerous. Probably another reason why Hunter remains a cult icon and gonzo journalism is still practiced today is because he constantly felt the urge to stand up to w hat most people would turn a blind eye to. Much like the way stories are found today, he was passionate about getting the truth and he would get involved with anyone with that information, just for the purpose of entertainment. Weingarten concludes that Hunters success was because he was truly different from other investigative journalists at the time because once he had locked in on a story it would consume him. That would be to the point where he would take unnecessary risks and ask questions to people who anyone else would leave well alone. Hunter got away from the Hells Angels with a severe beating but the legacy of that story remains Thompsons most hard-hitting gonzo classic. Steven Hoovers journal article, Hunter S. Thompson and Gonzo Journalism: a guide to the research, is essential for being able to find the best materials that are most relevant to researching and writing any articles on Thompsons work. As the article points out, While Gonzo seems to be a unique word at first glance, it is not as uncommon as one might imagine. Gonzo is also a surname, a Muppet, a Japanese animation studio, and a Japanese Buddhist monk who lived in the Heian Period. The research journal offers a great deal more than any Thompson bibliography could because years of literary reviews have already been carried out on the best research material by Hoover. Hoover argues that because of technological advancements of the internet it has become increasingly difficult to get hold of Hunters older material due to search results not flagging the right results up. When trying to get hold of proper gonzo journalism, search results more often than not bring up journalism websites that have a Hunter S Thompson obituary instead. Hoover successfully points the way to the most helpful resources available and gives a detailed description of the materials that are found in each of them. This proves invaluable for being able to find reliable sources that can provide academic opinions for any research articles being conducted about Thompson. In conclusion, it is a difficult task to find any academic opinion on Thompson because he was such a controversial figure. Very few academics have discussed Hunters private life and the true meanings behind gonzo journalism let alone how it has helped pave the way to journalism the way it is today. The authors who have the knowledge of Hunters career are life-long fans of his work and know a great deal about his upbringing and personality. However, it is the lack of acknowledgment surrounding Hunters involvement in forever changing the way reporters tell stories, that proves to be challenging. There are plenty of books and journals about new journalism but these merely glide over the facts about Hunters unusual style and concentrate on how he is the creator of gonzo journalism. I feel that the books I have read so far cover part of what I need to complete my dissertation but I will need to find other ways of analysing Hunters impact on todays society. 3. Methodology 4. Analysis 5. Conclusions and recommendations 6. Appendices 7. References

A world of work Essay -- essays research papers

A WORLD OF WORK Outsourcing means that companies hand work they used to perform in-house to outside firms. ADVANTAGES: v  Ã‚  Ã‚  Ã‚  Ã‚  bring down costs à ¨ lift profits and boost growth v  Ã‚  Ã‚  Ã‚  Ã‚  specialisation Due to the advance in technology products have become more complex which made it difficult for one company to do all the work itself. In order to manage the complexity of these products the astute idea of outsourcing represents an ideal solution (e.g. car industry) DISADVANTAGES: v  Ã‚  Ã‚  Ã‚  Ã‚  drain of jobs, v  Ã‚  Ã‚  Ã‚  Ã‚  higher organisational costs à ¨ overview, Some years ago this phenomenon used to be hailed as a wonder of the new economy. Nowadays the opinion is less exuberant. Same forces of globalisation are blamed for relentless export of jobs from rich to poorer countries (depressing proof for the declining competitiveness in engineering skills) GLOBALISATION A network between businesses all over the world is established in order to make use of the strengths of different technologies and cultures. NEGATIVE ASPECTS: v  Ã‚  Ã‚  Ã‚  Ã‚  fierce competition, v  Ã‚  Ã‚  Ã‚  Ã‚  anxiety among people, v  Ã‚  Ã‚  Ã‚  Ã‚  possibilities of expansion for smaller companies are restricted (monopolies) The movement of work abroad agitates worriers in the West and is a cause of concern among the public. Global business work is farmed out to other companie...

The Physics of Basketball Essay examples -- Science Sports Athletics E

The Physics of Basketball There are many aspects to the game of basketball and physics can be applied to all of them. Although to be good at basketball it is not necessary to play it from a physics point of view. Basketball players become good by developing muscle memory for the actions that must be performed in the game of basketball from years of practice. Nevertheless knowing some of the physics in the game of basketball can help a good player be a better player. In this paper I will cover the three most important aspects of the game, shooting, dribbling and passing. The most important part of the game of basketball is shooting the basketball, after all the object of the game is to put the basketball through the basket. A shot is taken by a player pushing on the ball and launching it toward the basket and upon the ball hitting the rim or backboard physics refers to this action as a contact force. Using this concept of contact force a shot can be calculated exactly. From a player’s height, the mass of the ball and a given position on the court which would include the distance from the basket it is possible to calculate the exact angle and force the shooter must apply to make a basket every time he or she shoots the ball. Of course if it were this easy basketball would not be as fun to watch or play. The problem with hitting a shot every time with the calculated angle and force is that the ball would have to travel toward the basket with the exact angle and force calculated for that particular shot. What makes this difficult is that the musc les in our body would have to be controlled flawlessly to push the ball with the exact amount of force and to give the ball the exact angle that is needed every time a shot is taken... ...the more energy is lost and the less the ball bounces back. The less denting that occurs, the more energy is kept and the higher the ball bounces back. Physics can be used to explain a lot of things. In this paper I described some basic concepts in physics that are relevant to basketball, particularly the three main parts of basketball, shooting, dribbling and passing. So the next time you are out shooting some hoops just think of all the physics that are being applied and you could be one step away from being a physicist, and have fun. Works Cited Kirkpatric, Larry; Wheeler, Gerald, Physics A World View, fourth edition Schmidt, Michael; Oberlies, James; Moogan, Kevien, The Physics of Basketball, 2002 http://www.sjprep.org/bio/basketball7/ Willis, Bill; The Physics of Basketball, 2001, http://www.geocities.com/thesciencefiles/physicsof/basketball.html/

An Analysis of the Epic Poem, Beowulf - Origin and Evolution of Beowul

The Origin and Evolution of Beowulf      Ã‚  Ã‚   The origin of Beowulf remains a mystery, as both the poet and the year of composition has eluded scholars for centuries.   Although "[it] is now widely believed that Beowulf is the work of a single poet who was Christian . . ." (preface, Heaney 29), I see Beowulf as a mosaic of many poets.   In this paper, I will argue that with each new translation of this Old English epic, a new author of Beowulf is born.   The twenty-first century poet Seamus Heaney, who translated the Beowulf on which this paper is based, injects aspects of his world into this ancient poem.   Published in the year 2 000, the inconsistency of this most modern text reveals the messy masterpiece Beowulf is today.   I believe that throughout the ages, Beowulf has been altered by each generation it touches.   I will provide evidence that the Anglo-Saxon orators, the Christian monk recorders, and the modern-day translators have all contributed to both the conservation and change of Beowulf. Beowulf began as an oral story passed on by scops, wandering poets of the Anglo-Saxon period who recited the accounts of the great Geat warrior from memory.   This allowed for subtle or strong changes by each orator as he formed his ideal and unique Beowulf.   One example of possible change can be found in the lines, He had been poorly regarded for a long time, was taken by the Geats for less than he was worth . . . (Heaney 79),   which do not fit the protagonist who has received nothing but praise throughout the rest of the epic.   A footnote in Heaney's translation points out this idea of the "`Cinderella hero' [as an] . . . example of folklore material, probably circulating orally, that made its way into the poem" (edi... ...Semus Heaney.   New York:   W.W. Norton & Company, 2000.   29-99. Unknown.   "Beowulf."   Beowulf and Other Old English Poems.   Trans.   Constance B. Hieatt.   Toronto:   Bantam Books, 1983.   35.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Excerpt Sometimes at pagan shrines they vowed offering to idols, swore oaths that the killer of souls might come to their aid and save the people.   That was their way, their heathenish hope; deep in their hearts they remembered hell.   The Almighty Judge of good deeds and bad, the Lord God, Head of the Heavens and High King of the World, was unknown to them.   Oh, cursed is he who in time of trouble has to thrust his soul in the fire's embrace, forfeiting help; he has nowhere to turn.   But blessed is he who after death can approach the Lord and find friendship in the Father's embrace. (Heaney 36) An Analysis of the Epic Poem, Beowulf - Origin and Evolution of Beowul The Origin and Evolution of Beowulf      Ã‚  Ã‚   The origin of Beowulf remains a mystery, as both the poet and the year of composition has eluded scholars for centuries.   Although "[it] is now widely believed that Beowulf is the work of a single poet who was Christian . . ." (preface, Heaney 29), I see Beowulf as a mosaic of many poets.   In this paper, I will argue that with each new translation of this Old English epic, a new author of Beowulf is born.   The twenty-first century poet Seamus Heaney, who translated the Beowulf on which this paper is based, injects aspects of his world into this ancient poem.   Published in the year 2 000, the inconsistency of this most modern text reveals the messy masterpiece Beowulf is today.   I believe that throughout the ages, Beowulf has been altered by each generation it touches.   I will provide evidence that the Anglo-Saxon orators, the Christian monk recorders, and the modern-day translators have all contributed to both the conservation and change of Beowulf. Beowulf began as an oral story passed on by scops, wandering poets of the Anglo-Saxon period who recited the accounts of the great Geat warrior from memory.   This allowed for subtle or strong changes by each orator as he formed his ideal and unique Beowulf.   One example of possible change can be found in the lines, He had been poorly regarded for a long time, was taken by the Geats for less than he was worth . . . (Heaney 79),   which do not fit the protagonist who has received nothing but praise throughout the rest of the epic.   A footnote in Heaney's translation points out this idea of the "`Cinderella hero' [as an] . . . example of folklore material, probably circulating orally, that made its way into the poem" (edi... ...Semus Heaney.   New York:   W.W. Norton & Company, 2000.   29-99. Unknown.   "Beowulf."   Beowulf and Other Old English Poems.   Trans.   Constance B. Hieatt.   Toronto:   Bantam Books, 1983.   35.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Excerpt Sometimes at pagan shrines they vowed offering to idols, swore oaths that the killer of souls might come to their aid and save the people.   That was their way, their heathenish hope; deep in their hearts they remembered hell.   The Almighty Judge of good deeds and bad, the Lord God, Head of the Heavens and High King of the World, was unknown to them.   Oh, cursed is he who in time of trouble has to thrust his soul in the fire's embrace, forfeiting help; he has nowhere to turn.   But blessed is he who after death can approach the Lord and find friendship in the Father's embrace. (Heaney 36)